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6904 Burning Bush Sachse, TX 75048

4 Beds 2 Baths 2,007 sqft Built 1996

$299,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $148.98
  • 3 Days on Market
  • MLS # : 14523922
  • Updated Date : 03/13/2021 at 16:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,007 sqft
  • Baths : 2 full
Listing Agent

Onesource Real Estate Services

Listing Agent's Description

Lovely 1-story, 4 bedrooms with a study or 2nd living space in a well-established neighborhood in Sachse! NO HOA! Beautiful wood flooring, granite countertops in the kitchen and bathrooms. Additional cabinets added in the kitchen, stainless steel appliances, double oven, and oversized utility room! Extra garage with electricity that can be used for another car, workshop, or storage. Large yard, board on board fence, deck, and covered patio. All the secondary bedrooms have adjustable shelving. Just minutes from George Bush, Firewheel mall, and golf course. Wylie ISD schools. Pre-inspection was done and is in transaction desk so there are no surprises!MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE BY SUN,8:30 AM

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Sachse

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sachse

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262771

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Don Whitt Elementary School Primary Regular 568 36 10
Wylie High School High Regular 2,061 127 9

Don Whitt Elementary School

  • Education Level: Primary
  • # of students: 568
  • # of teachers: 36
10
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 127
9
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,039
Property Tax -$627
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
-$47

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$299,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,863

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,860

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8603$2,0004$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 6904 Burning Bush Sachse, TX 2
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.93
    •  
  • 3424 Tina Street Sachse, TX 1
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1986
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 6704 Longmeadow Drive Sachse, TX 3
    • 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,092 Sqft ∙ Built 1996
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 7216 Pheasant Court Sachse, TX 4
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2002
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.05
    •  
  • 2309 Quail Hollow Drive Sachse, TX 5
    • 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,119 Sqft ∙ Built 2004
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kelli Clark
Onesource Real Estate Services
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523922
Last Updated: 03/13/2021
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